Authority: National Company Law Appellate Tribunal, Chennai Bench
Order Date: August 27, 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) at Chennai has issued a procedural order in Company Appeal (AT) (CH) (Ins) No. 661 of 2025. The appeal has been filed by appellants Krishna Venkata Rao & Anr. against respondent Ramakrishnan Sadasivan, who serves as the Resolution Professional (RP) of Lokaa Developer Pvt. Ltd. The nature of the appeal relates to insolvency proceedings concerning Lokaa Developer Pvt. Ltd. The bench comprised Justice N Seshasayee (Member - Judicial) and Jatindranath Swain (Member - Technical).
Final Outcome
The Tribunal ordered that the appeal be listed for hearing on November 6, 2026. This is a procedural order that does not contain any substantive ruling on the merits of the case, penalties, or final determinations. The matter remains pending before the NCLAT.
Topics: Insolvency Appeal, NCLAT Procedure, Corporate Litigation